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Jan 14, 2013
01/13
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FBC
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economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you're still getting paid to take that risk to be in there. global bonds is a win-win-win. you get paid on yield. you get paid on -- for diversification. you get paid on currency risk. so that's a good place to be. and i'm not saying we're in armageddon on the equities side i do like mid caps, but what i think you need to be is make sure just trim back a little bit on equities, and i don't think it's the end of the world. but good economy part is the consumer. we like the consumer because the fed with the quantitative easing is bolstering the consumer through housing, and that's why i think for the consumers, for main street, it's going to feel good
economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you're still getting paid to take that risk to be...
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Jan 19, 2013
01/13
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KQEH
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then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district, www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell products and foster those independent designers. >> i think we're opening up gateways in the industry for other people that otherwise wouldn't have a chance to make a name for themselves. you know you see the same dress on four different websites for four different prices from the same label and you're left kind of wondering isn't their more out there. >> reporter: ilwyw.com may not help cure for cancer, but it might create jobs. and, it's part of a push by new york city's borough president scott stringer to make the big apple a destination for start- ups. what he calls the innovation economy. >> how we ta
then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district, www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell...
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the american economy is not coming back neither is the british economy because the banks committed what's called a scorched earth they decimated the economy there is no potential for growth or jobs coming back because it's been utterly destroyed and glenn beck and these other folks know this so they're busy building castles surrounded by moments and on guns to try to hold on to the money that they stole indeed in fact one of the at the forefront of this has been koch industries they've been behind the notion that workers should get paid less and less that you should compete with china so developer pitches one billion dollar commonwealth for belle isle a group of billionaires who have made their fortunes from corporate welfare want to turn an island park located in the detroit river into an offshore tax saving the guys behind this one of them was the former head of chrysler who drove with lee iacocca to washington d.c. to get jimmy carter at the time to bail out chrysler putting aside for a second the question of whether or not the koch brothers. you know this reminds me of the crusaders y
the american economy is not coming back neither is the british economy because the banks committed what's called a scorched earth they decimated the economy there is no potential for growth or jobs coming back because it's been utterly destroyed and glenn beck and these other folks know this so they're busy building castles surrounded by moments and on guns to try to hold on to the money that they stole indeed in fact one of the at the forefront of this has been koch industries they've been...
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Jan 19, 2013
01/13
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CSPAN
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so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007 or 2006, we see increases in production. rising house prices will affect household wealth. that is what i hope will be a better year in 2013 and 2014. a few other things that are positive, just to point out, is that state and local governments which had been very contraction remote -- great contraction ary mode, they are in better shape than they were. as a result, they will not be a drag on the academy that they have been in the last few years. -- on the economy that they have been in the last few years. energy. consumers are more
so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007...
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both over the next decade why why are you not embracing this because of the dire straits that our economy is in you know just today i was watching the president say how we have to raise the debt ceiling so we can pay our bills and this is going to generate such more so much more debt you know if we're going to go through this process in the vetting how about this would this be for a compromise these individuals who would now be on this path to citizenship would not receive any state or federal benefits welfare under any euphemism have to work on the books and such so as not to displace an american worker and not be a bigger burden on our financial system though they already have it already inside the possibility some people may need some of those benefits because they're operating below the poverty level or they have children in school and you would call a public education a benefit i would and i would consider call it a right but you know are you making the case let's put them on the books let's let's no no no the minimum wage at the very least you know pay them pay them living wages wel
both over the next decade why why are you not embracing this because of the dire straits that our economy is in you know just today i was watching the president say how we have to raise the debt ceiling so we can pay our bills and this is going to generate such more so much more debt you know if we're going to go through this process in the vetting how about this would this be for a compromise these individuals who would now be on this path to citizenship would not receive any state or federal...
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Jan 20, 2013
01/13
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WTTG
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and...
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the american economy is changing we're moving from one of those really commie to an economy based on service based on information rooted in technology that is its high skilled high wage training on one very low skilled sweatshop labor another. lacks find their skills don't fit into either those demands. they don't have the education for the skill with the training because of historic discrimination to work in aerospace. on the other hand they don't feel any desire or need to go into the low skilled service sector jobs like hotel cleaning like sweatshop work downtown l.a. because they don't perceive that as jobs that american citizens should have. and not talking about people who have arrears we're talking about people with jobs if you have a job you are dependent upon that job so when that factory closes you are in essence asked out. by the late sixty's you see those plants beginning to disappear when they disappear there is virtually nothing left in their wake. and so it leaves a gaping hole in the economy of the region. with consequences that are just enormous. generationally in am
the american economy is changing we're moving from one of those really commie to an economy based on service based on information rooted in technology that is its high skilled high wage training on one very low skilled sweatshop labor another. lacks find their skills don't fit into either those demands. they don't have the education for the skill with the training because of historic discrimination to work in aerospace. on the other hand they don't feel any desire or need to go into the low...
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Jan 18, 2013
01/13
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FBC
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the fed was unprepared with what happened to the broader economy. they were really behind the market playing catch up the entire time. that is what raises a lot of concerns about this very loose monetary policy. if the fed going to withdraw this stimulus in a popular fashion that we can avoid inflation. their track record is pretty dubious. cheryl: there are so many issues facing us, that is why it is alarming some of the comments especially from the bernanke. they're telling us they will keep interest rates low, but do we buy that at this point? one of the things that is really doing is helping the housing market. you're right, inflation comes in, and then what rush mark >> i don't think the we will have inflation immediately. the problem is when it comes, could come fast and once again the fed is playing catch-up with that. i don't think there's any risk of that happening in 2013 from the housing market, housing is improving and the fact mortgage rates have been so low i expect they will remain low in 2013, i think the 30-year fixed won't be an im
the fed was unprepared with what happened to the broader economy. they were really behind the market playing catch up the entire time. that is what raises a lot of concerns about this very loose monetary policy. if the fed going to withdraw this stimulus in a popular fashion that we can avoid inflation. their track record is pretty dubious. cheryl: there are so many issues facing us, that is why it is alarming some of the comments especially from the bernanke. they're telling us they will keep...
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an economy not so far away actually the global economy is on the verge of a currency war allow me to paint a quick picture for you in japan where the newly elected prime minister has been pushing for a more aggressive central bank policy has been dropping the yen went down by eleven percent since december meanwhile in europe the euro is rising and that's right despite the debt and eurozone crisis austerity measures and so on the euro grew by seven percent in the last six months and experts say europe has fired the first shell e.u. financial authorities warn the rise of the euro is threatening the economy so it is possible it will be deliberately dropped meanwhile across the atlantic the united states has been printing blocks for the last five years to support the markets but that also makes the dollar cheaper in washington has been looking over the shoulder and china which was the majority of u.s. foreign debt and reading is also accused of holding back the u. one reason why they do that is the one currency is dropped at the export becomes cheaper making the country more competitive
an economy not so far away actually the global economy is on the verge of a currency war allow me to paint a quick picture for you in japan where the newly elected prime minister has been pushing for a more aggressive central bank policy has been dropping the yen went down by eleven percent since december meanwhile in europe the euro is rising and that's right despite the debt and eurozone crisis austerity measures and so on the euro grew by seven percent in the last six months and experts say...
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Jan 14, 2013
01/13
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CNNW
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, a financial disaster not only for us, but for the worldwide economy. so we have got to pay our bills. and republicans and congress have two choices here, they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. the time lime republicans in congress even flirted with this idea, our aaa c
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, a financial disaster not only for us, but for the worldwide economy. so we have got to pay our bills. and republicans...
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Jan 19, 2013
01/13
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MSNBC
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>> yeah. >> that this is what the economy needs, the certainty. three month sincere definitely not certainty. >> will democrats vote for this? will you get democratic votes on this when boehner brings this up? >> it will depend on what it looks like. this is really gimmicky, gimmicking garbage at the end of the day. the responsible thing to do is to pass a debt ceiling increase because we have to pay our bills. really leaving this uncertainty hanging over our already frangie recovery is irresponsible. and to suggest that we're not going to pay our bills or tie the debt that we have to pay to anything that the republicans want to extract out of president obama is irresponsible. >> yeah. the republican that i look to right now is john cornyn. what a reversal. this guy writes an op-ed in the hometown newspaper in houston and turns around and tells the editorial board something totally different. what does that say about their leadership? >> it says they are all over the map. it says they are basically a rudderless ship and it says that they really do
>> yeah. >> that this is what the economy needs, the certainty. three month sincere definitely not certainty. >> will democrats vote for this? will you get democratic votes on this when boehner brings this up? >> it will depend on what it looks like. this is really gimmicky, gimmicking garbage at the end of the day. the responsible thing to do is to pass a debt ceiling increase because we have to pay our bills. really leaving this uncertainty hanging over our already...
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Jan 20, 2013
01/13
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CNNW
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you have to have growth of the economy, but i need to see policies will actually do that. we don't see them now. >> i spoke with david plouffe in the segment before this. he said that he is confident there are enough vote he is in the huntsd requisite 60 votes in the senate to pass universal background checks for gun owners and limiting the clips, those high-capacity magazine clips that i can fire off so many rounds to 10 and under. do you think that's so? do you think congress would pass a ban on those clips i with ten or over and a universal background check is that gonna happen? >> no, i don't think it will. candy, that gets beside the major issues this face american families you can jobs and the economy and the debt and spending that's where people are focused. that's the big anxiety of this country. >> sure, i agree with you, but as you know, you deal with a lot of things up there and the white house, people and their families deal with a loft things, one of the things out there are is gun control of some sort, addresses newtown, gun control or better access to mental
you have to have growth of the economy, but i need to see policies will actually do that. we don't see them now. >> i spoke with david plouffe in the segment before this. he said that he is confident there are enough vote he is in the huntsd requisite 60 votes in the senate to pass universal background checks for gun owners and limiting the clips, those high-capacity magazine clips that i can fire off so many rounds to 10 and under. do you think that's so? do you think congress would pass...
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find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into kinds a report. in screwed news last year the federal government spent a whopping eighteen billion dollars on the failed war on illegal immigration that's more than every other federal law enforcement agencies spent last year combined that's also eighteen billion dollars that could have been put to better uses like helping to rebuild our struggling economy so it should come as good news that according to new york times the obama administration will continue its calls for comprehensive immigration reform which includes provisions for high skilled workers students and a pathway to citizenship for immigrants who achieved legal status of course many republicans aren't happy about the administration's plans but it looks like president obama might get some help from an unlikely source evangelical religious leaders some of of america's most popular evangelical pastors and religious leaders launched a new campaign today to support immigration reform an
find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into kinds a report. in screwed news last year the federal government spent a whopping eighteen billion dollars on the failed war on illegal immigration that's more than every other federal law enforcement agencies spent last year combined that's also eighteen billion dollars that could have been put to better uses like helping to rebuild our struggling...
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Jan 20, 2013
01/13
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FBC
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they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en gout and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how to govern our society. we can't afford the bills we have now to pay. someone has to say, no, spend what you have and let's move on. >> brenda: you
they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18...
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Jan 20, 2013
01/13
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CNNW
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the economy, democrats might object when i say this, but the economy more than republicans were the president's enemy in the first time. no money coming in, no room to maneuver. >> he's got one fight after another coming up, although we've put off one fight a couple months, and the president has to get over that in order to get to the rest of his agenda, and the question i have is whether the president is going to actually anger some of his liberal team by making those commitments on entitlement cutbacks on medicare, for example, in particular in order to get to the rest of his agenda and to david's point, to keep the economy chucking along. >> does he see that, david, as central though? i mean, to so many people in the business community, it does seem central. if you don't put out a plan for entitlement reform, you can't get long-term growth in the economy, you srm can't, because there's too many unknowns and strangle holds that are going to hit the economy. does he see it that way or does he not see that risk? >> i think that's a really good question because at the end of the day i think the
the economy, democrats might object when i say this, but the economy more than republicans were the president's enemy in the first time. no money coming in, no room to maneuver. >> he's got one fight after another coming up, although we've put off one fight a couple months, and the president has to get over that in order to get to the rest of his agenda, and the question i have is whether the president is going to actually anger some of his liberal team by making those commitments on...
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Jan 15, 2013
01/13
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CNBC
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debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it shou
debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix...
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of the government and having the sanctions to pressure the public opinion inside iran you know when economy is about to be very good they're hoping people will go to the streets and protest and have a revolution but the fact seems to be the opposite i mean the cells in iran in carpets one of the country's proud sources of revenue once a critic of the iranian government has recently had a change of heart if for me it's for me then why for another people are for another god who is not forbidden for israel is not for being a father of five for american is not going to be there for you know. they're after war they want to ask you something to do that nor you are free of your free people you know this is the best way which my government. followed not only do they create anger among ordinary iranians and the iranians see their behavior towards the country as it. is but people in the region and beyond see what the united states and the europeans are trying to do so the image of the united states and europe is has been severely damaged but iran's image has also been damaged one recent poll shows ir
of the government and having the sanctions to pressure the public opinion inside iran you know when economy is about to be very good they're hoping people will go to the streets and protest and have a revolution but the fact seems to be the opposite i mean the cells in iran in carpets one of the country's proud sources of revenue once a critic of the iranian government has recently had a change of heart if for me it's for me then why for another people are for another god who is not forbidden...
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atomic experts hoping to make progress in nuclear talks while western sanctions shake the country's economy but not its peoples for. international news and comment online on the screen around the world this is. scotland may soon get a boost in its push for independence the u.k. house of lords is set to debate providing edinburgh with the powers necessary to hold a referendum on a breakaway and present westminster already unanimously approved the move the scottish government wants to hold the referendum in the autumn of twenty fourteen this mirrors the strong push for independence within the u.k. itself where many feel the country should part ways with the e.u. . as mine. well the pressure is really piling on the british prime minister david cameron because he's set to give a speech on friday where he wants to talk about renegotiating britain's role within the european union and that's a very difficult situation for him because there's a lot of euro skeptic m.p.'s who are piling on the pressure saying that you know the status quo really needs to be changed at the moment at the same time we'v
atomic experts hoping to make progress in nuclear talks while western sanctions shake the country's economy but not its peoples for. international news and comment online on the screen around the world this is. scotland may soon get a boost in its push for independence the u.k. house of lords is set to debate providing edinburgh with the powers necessary to hold a referendum on a breakaway and present westminster already unanimously approved the move the scottish government wants to hold the...
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Jan 15, 2013
01/13
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KCSMMHZ
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abe is out of inflation and revitalize the economy. way is with the $150 billion package which people steam support. >> translator: i support the abe administration because tock prices and the currency exchange are doing better. >> translator: changing the government always caused the yen to weaken. it might not last so long. >> translator: our company didn't do well last year. i hope the economic climate would improve. >> people also seem happier with the way the cabinets stack up against others. voters were disappointed with the ruling party. the dpj promised change when they took power, but many felt they didn't deliver. >> now you have been covering politics for years in japan. you know better than anyone how approval ratings fall overtime. it was interesting to hear the lady saying it may not last so long. how will abe be able to support this popularity? >> he knows economic recovery is a priority and he will need to focus on this. the prime minister wants to head into this summer's upper house election in a strong position. his l
abe is out of inflation and revitalize the economy. way is with the $150 billion package which people steam support. >> translator: i support the abe administration because tock prices and the currency exchange are doing better. >> translator: changing the government always caused the yen to weaken. it might not last so long. >> translator: our company didn't do well last year. i hope the economic climate would improve. >> people also seem happier with the way the...
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Jan 16, 2013
01/13
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FBC
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economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower in after-hours trading. paypal was obviously very strong. i do want to point out that the stock has been rallying in anticipation of these numbers coming out point out. first couple weeks of the year, the stock is up 5%. there has been a lot of optimism and a lot of buying into this report. maybe a bit of selling on the news here. liz: sandra, shibani, thank you very much. we're watching ebay as well as gun control as the story develops. peter barnes is very latest on the president's announcement and comments on the issue. we'll
economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower...
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Jan 18, 2013
01/13
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KRCB
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> m: that anmore tonight on n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generators on
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> m: that anmore tonight on n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane...
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Jan 21, 2013
01/13
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CNN
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economy, obviously. you might have climate change. >> right. >> the foreign policy, the restructuring if you like of america's place in the world, taking on where barack obama has taken it so far. very interesting. perhaps leading from the back as he said in certain cases rather than from the front. i think the days of america having to be the global policeman should be over. what else do you see as priorities? >> immigration reform. the president feels strongly about we'll tackle this year. everyone out there understands our system is broken. and we need some fundamental restructuring of it. right thing to do. there's common sense agreement out in the states on how to do it. people putting politics aside. i think you will see the president in the second term work passionately across party lines on education to make the k-12 system the best in the world like the university system is. you hit the biggest one, that's the economy. we have to continue to take the steps -- >> does everything flow from the eco
economy, obviously. you might have climate change. >> right. >> the foreign policy, the restructuring if you like of america's place in the world, taking on where barack obama has taken it so far. very interesting. perhaps leading from the back as he said in certain cases rather than from the front. i think the days of america having to be the global policeman should be over. what else do you see as priorities? >> immigration reform. the president feels strongly about we'll...
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Jan 16, 2013
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economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use -- those issues of course are not the specific purdy of the fed, and so why do we shift gears and talk more specifically about some things that the fed is doing and things that the fed might do. perhaps a way to introduce that is to say that the fed of course is keeping interest rates at close to zero since roughly 2008, and it dug pretty deep into its arsenal, more recently in terms of in particular the very massive asset purchases recently launched its third round, which are intended to bring long-term inter
economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use...
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Jan 20, 2013
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a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." adviser to obama 2012, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard, it's great to see you in person this morning. "new york times" best-selling author of "team of rivals" doris kearns goodwin. in between awards shows she's joined us. and nbc news special correspondent tom brokaw. welcome to all of you. tom, that's where we tee it up. the president, as he begins a second term, very difficult climate in washington and very real expectations. >> yes. and i was looking at those top three priorities for the american people. and they all fit into his single most difficult task, it seems to me, both conceptually and specifically. in the next couple of years, he onl
a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." adviser to obama 2012, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard,...
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Jan 21, 2013
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no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa: was there mom on morning television? who will she reform. the camera on her during the game. dad. both football players before the begin coaches. we have been down this road before. i'm getting excited about this. the buccaneers fan by marriage can be very tough. all right. coming up tonight, the jobs council has not had an official meeting in one year. set to retire at the end of the month. our power panel will discuss. tonight at 5:00 p.m. eastern right here on fox business. don't miss it. melissa: there are several ahead in our programming. live programming
no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa:...
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Jan 17, 2013
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. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe mid to single high digit returns. >> did you get exposure of citi to bofa here? >> we wouldn't be. we're taking a little bit of money off the table or indeed i think we did. the level of implied volatility makes perfect sense here. >> we'll leave it here for now. thanks very much. over to you, ross. >> kelly, thanks for that. so we are just about an hour and 20 minutes into the trading day here in europe. you can see advancers just about outpace decliners by a ratio of 6 to 4 and we're up near the high point of the session which has d
. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe...
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be the economy or whether it be his own backbenchers now widely expected that the prime minister will pledge a major european treaty with vision included in that would be a clawing back powers to britain in key areas such as economic and social laws that govern labor and policing and criminal justice will need to put its membership in the e.u. would then be put to the country's citizens in a referendum after the next general election i think you've really got what he really painted himself into a corner where he's got to have a referendum after an election and he will try a skillful politician if he is to paper over the cracks to give a bit. and say that we now are looking for europe to make a response to our proper requests that it will be a very. confident speech until you actually analyze it and you see that he's asking for the e.u. to behave in a way that's not open. hell. labor say a referendum would be condemning britain to years of uncertainty you can't say the prime minister with talk of repatch nation is being misleading and they are strong on style they say lacking in substa
be the economy or whether it be his own backbenchers now widely expected that the prime minister will pledge a major european treaty with vision included in that would be a clawing back powers to britain in key areas such as economic and social laws that govern labor and policing and criminal justice will need to put its membership in the e.u. would then be put to the country's citizens in a referendum after the next general election i think you've really got what he really painted himself into...
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Jan 19, 2013
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it's a better economy. how do you have a president, as you talked about, that has a jobs council that only meets once? >> i know. it's xwroerd. >> come on. >> many thanks. congressman greg walden. mr. walden, you get tonight's nobel prize for limited government, spending cuts and economic growth. you get the prize. it's a great pleasure to have you back. >> thank you very much. >> we're going to ask this question. will the gop be able to effectively rebrand itself? back with us is keith boykin, former clinton white house aide, mark simone, w.o.r. radio talk show host, and matt welch, "reason" magazine editor in chief. what do you think, mark simone? first of all, is the republican brand really in bad shape? >> yeah, it's in bad shape. the democrats are in bad shape, though, because they are flying so high right now. they are apple at 700. they'd better worry. these things go in cycles. it always goes in cycles. i'll tell you the first thing the republicans should do, get out of the abortion business. just t
it's a better economy. how do you have a president, as you talked about, that has a jobs council that only meets once? >> i know. it's xwroerd. >> come on. >> many thanks. congressman greg walden. mr. walden, you get tonight's nobel prize for limited government, spending cuts and economic growth. you get the prize. it's a great pleasure to have you back. >> thank you very much. >> we're going to ask this question. will the gop be able to effectively rebrand itself?...
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Jan 18, 2013
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economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more
economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still...
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Jan 17, 2013
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i check the papers in the morning to see if there's an economy. you have a different threshold of excitement than i do. if that is what gets you off. >> stephen: very open minded of you. very open minded of you. you know who lived an exciting life damn ma close. do you think demographic shifts will change our policies in. >> i do. i think texas will be an entirely political piece of geography as a result of latino vote across the border there and the way they are spreading out into other districts. and the republican -- >> stephen: but as long as the white americans maintain a majority, the republicans are safe? >> it's a smaller majority as they learned this last time around and it's also not for them a hom mog usenuos. president obama was helped by the various ethnic groups but one said they turned out a larger portion of the african-american vote this time than they did the first time he ran. and the romney people thought it would go the other way. >> stephen: i was surprised by that, too. i was surprised that four years later african-americans
i check the papers in the morning to see if there's an economy. you have a different threshold of excitement than i do. if that is what gets you off. >> stephen: very open minded of you. very open minded of you. you know who lived an exciting life damn ma close. do you think demographic shifts will change our policies in. >> i do. i think texas will be an entirely political piece of geography as a result of latino vote across the border there and the way they are spreading out into...
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Jan 19, 2013
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is the world's largest economy, the u.s. dollar is a global reserve currency. housing continues to pick up, unemployment is going down, american corporations are the world's largest and they're sitting on lots of cash, which, you know, sort of quixotically it's precisely that strength that allows washington to continue to be so incredibly dysfunctional. yeah, i'm feeling pretty bad over whae's coming out of capitol hill in the next few months but it's not medication that leads me to believe america is stable. >> even washington may not be able to mess up what's going on. christine romans, we've been talking about the consequences of not having a budget, a serious plan to deal with debt and deficits. but a number of prominent democrats point out the debt problem isn't that much of a problem. money is basically free many america and republicans should stop obsessing about it. >> a new narrative and they're getting bolder with it. the debate is the way liberals and conservatives see the world. those on the left have no problem with the government taking a larger r
is the world's largest economy, the u.s. dollar is a global reserve currency. housing continues to pick up, unemployment is going down, american corporations are the world's largest and they're sitting on lots of cash, which, you know, sort of quixotically it's precisely that strength that allows washington to continue to be so incredibly dysfunctional. yeah, i'm feeling pretty bad over whae's coming out of capitol hill in the next few months but it's not medication that leads me to believe...
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Jan 21, 2013
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i don't think the problem is the trajectory of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture undermine confidence, lower the valuations of u.s. companies because people just have less confidence in long-term trajectory. >> jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right in the last four years, in your view, what could he have done better or has he done wrong? >> four years ago right around this time when i was a member of the administration's economic team i was remembering just the juks of position about the great hope and expectations and just the real horror of what was going on in macro economy. gdp contracting at 9%, losing 700, 800,000 jobs per month. i think the president came in and hit very hard and broke the back of the great recession a lot sooner than people expected, certainly the financial markets were reflated much more qu
i don't think the problem is the trajectory of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture undermine confidence, lower the valuations of u.s. companies because people just have less confidence in long-term trajectory. >> jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right in the last...
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Jan 15, 2013
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economy as a whole. >> well, i think it would be clearly a very significant impact. the important thing i think about this discussion is when we're looking at it in a more holistic fashion, what are we going to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me
economy as a whole. >> well, i think it would be clearly a very significant impact. the important thing i think about this discussion is when we're looking at it in a more holistic fashion, what are we going to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion...
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Jan 14, 2013
01/13
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it will damage our economy. the government is a big part of this economy. it is interesting, a lot of times you people who recognize that when it comes to defense spending. when it comes to that defense contract in their district, they think, wow, this is a pretty important part. let's just take sure we are not spending on those other folks. [inaudible question] >> you know, look, my hope is that common sense prevails. that is always my preference. i think that would be the preference of the american people and i think it would be good for the economy, let me just repeat, if the issue is deficit reduction, getting our deficits sustainable over ttme getting our debt in a sustainable place, then democrats and republicans will have a partner with me. we can achieve that and we can achieve it fairly quickly, we know what the numbers are and we know what needs to be done. we know what a balanced approach would take. there has probably been more pain and drama and getting there than we needed. finishing the job should not be that difficult. if everyone comes to t
it will damage our economy. the government is a big part of this economy. it is interesting, a lot of times you people who recognize that when it comes to defense spending. when it comes to that defense contract in their district, they think, wow, this is a pretty important part. let's just take sure we are not spending on those other folks. [inaudible question] >> you know, look, my hope is that common sense prevails. that is always my preference. i think that would be the preference of...
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Jan 16, 2013
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it wanted to hear about the economy and what he plans to do to fix it. in the past eight years, but prices have jumped on just about everything, but the value of the currency has dropped about 70%. the president blames international sanctions against iran's central bank and oil- based economy. he said sanctions are putting pressure on the people and that's what the enemy wants. >> they are against the constructive plans of the parliament, country, and the nation, but they make other excuses for their actions. they're just against iran pose the advancement and impairment. prezioso took shots at his critics and the wallpaper. he said part of the problem with the economy is that the wealth is only moving from the port to the rich instead of the other way around. ahmadinejad also asked parliament to work with his government rather than against it. he said, without any cooperation, nothing will get done in iran. he only has six months left in his final term. ahmadinejad says he and his government will work until the very last day to get things done. but it's
it wanted to hear about the economy and what he plans to do to fix it. in the past eight years, but prices have jumped on just about everything, but the value of the currency has dropped about 70%. the president blames international sanctions against iran's central bank and oil- based economy. he said sanctions are putting pressure on the people and that's what the enemy wants. >> they are against the constructive plans of the parliament, country, and the nation, but they make other...
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Jan 14, 2013
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economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he said several proposals have broad support, including enforcing background checks and banning high capacity ammunition magazines. biden was asked to come up with the recommendations following the sandy hook shootings last month. >>> the debt ceiling dispute is heating up. the white house says congress can pay its bills or it can fail to act and put the nation into default. some reports suggest the government could run out of cash to pay all its bills as early as mid february. >> thanks for that. there's plenty to keep you entertain
economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he...
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shake the country's economy but not. unemployment. and. leadership. again. critics say it's washington which played the key role in the rise of extremism. with worldwide news live from moscow this is the with me thank you for joining us today. get a boost in its push for independence the u.k. house of lords is set to debate providing the powers necessary to hold a referendum on a breakaway at westminster have already unanimously approved a move. in london to get more on these details right now and. to you thank you very much indeed for coming in such a short notice what do you think is expected of the pirs discussion. well the house of lords is widely expected to approve this transfer transfer of power as over to holyrood the scottish government in order to allow them to hold a referendum on the question of scottish independence in twenty fourteen so as we know the m.p.'s already unanimously approved the move so it's really what the house of lords decides today widely expected to approve that and then the rest is a formality and then we'll be a little bit cl
shake the country's economy but not. unemployment. and. leadership. again. critics say it's washington which played the key role in the rise of extremism. with worldwide news live from moscow this is the with me thank you for joining us today. get a boost in its push for independence the u.k. house of lords is set to debate providing the powers necessary to hold a referendum on a breakaway at westminster have already unanimously approved a move. in london to get more on these details right now...
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Jan 21, 2013
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our economy was in shambles. i watched him make a series of decisions very quickly to stand up to financial industry, the recovery act, to intervene on the auto industry. not any one of them was popular. he knew it was what we had to do to right the country. it is worth noting how far we've come. we're in a different place than we were four years ago. >> the last election he hadn't made any mistakes. now you've won that second term. you can be a little more honest about where he could have gone further and didn't or where he regrets not going further. >> i'm going to point to his own words. he believes he could have done a better job communicating with the american people. we've been talking about what we were dealing with. the financial crisis, the economic crisis, building a new administration. we had our hands full. i think frying ing trying to g that done and take the emergency steps to sure up our banks, some things were lost in there including communicating with the american people but why we were taking th
our economy was in shambles. i watched him make a series of decisions very quickly to stand up to financial industry, the recovery act, to intervene on the auto industry. not any one of them was popular. he knew it was what we had to do to right the country. it is worth noting how far we've come. we're in a different place than we were four years ago. >> the last election he hadn't made any mistakes. now you've won that second term. you can be a little more honest about where he could...
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economy and we're really seeing now is that everyone is projecting that we are going to run out of money money you know the term that we use for that money that we don't have right now to kind of to we can only push it until the end of february early march so obviously something really needs to happen right now in terms of the debt ceiling and mind you i just need to remind you one more point and that is really that there the debt ceiling and the raising the debt ceiling is already for money that they've already planned on spending in the first place so the debt ceiling and raising it isn't for future budgets or perfume legislations for things that they've already agreed upon so it's just really saying yes to the things that we want. you know when it comes to the economy i guess when it comes to pretty much everything in congress doesn't seem like they can agree on much. this congress has become a tourist for it's kind of a lack of action not only on the budget in the debt ceiling but for a lot of other important pieces of legislation they've been called the do nothing congress of course
economy and we're really seeing now is that everyone is projecting that we are going to run out of money money you know the term that we use for that money that we don't have right now to kind of to we can only push it until the end of february early march so obviously something really needs to happen right now in terms of the debt ceiling and mind you i just need to remind you one more point and that is really that there the debt ceiling and the raising the debt ceiling is already for money...
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Jan 19, 2013
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economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying to push it there. those people, i think include key leaders in the party, like the house republican leaders this week who are trying to talk their members down from the ledge. they include folks like david brooks who in saying that republicans look deeply unreasonable, they are telling republicans you are being unreasonable. you need to move to the center. the structure of their argument a bit weird, but they're pushing in the right direction. for the republican party to fix itself will require a painful process, in which insane voices stare up and stare d
economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying...
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Jan 18, 2013
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number one fix the economy, create jobs. first two were that and the message to congress was almost unanimous. compromise together. >> yes. >> so we know where the public is. >> right. the public wants results and they want results in their jobs, in their lives. they want the government just to work better. and i think that is the big disconnect right now with washington because, you know, republicans are wondering how much leverage they have to force the president to deal with spending, for instance. do they sort of wait him out and hope for a positive result in 2014 and use whatever leverage over the del ceiling or whatever else but the public finds it so distasteful. the president too on issues like entitlement, i think it's really striking, will he seek to rise above how difficult it is that he doesn't feel he's got a negotiating partner to try to get something done on entitlements? if he wants robust economic growth he'll have to. we will have a debate over guns and the debt between ted cruz, fresh face, tea party face
number one fix the economy, create jobs. first two were that and the message to congress was almost unanimous. compromise together. >> yes. >> so we know where the public is. >> right. the public wants results and they want results in their jobs, in their lives. they want the government just to work better. and i think that is the big disconnect right now with washington because, you know, republicans are wondering how much leverage they have to force the president to deal...
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the cause report looks at the source of all the risk which is making the world's economy so unstable. getting hazardous out there lots of toxic derivatives nuclear meltdowns nine hundred micrograms of particulate air so thick you can hardly brave people so thick you can barely stand living next to the. risk. again idea why don't we just remove the wrist from the. oh that's right because that risk there would be no african capital as you know no. because report coming away very soon here on our teens thing with money matters we have natasha and katie with the business of. choice it's built it's miraculous economic recovery low cost manufacturing but that's all going to change and what's happening there well it does seem like the world's second largest economy is losing its competitive edge and i have katie over here that knows all about it does it really seem like it's losing out to countries in southeast asia like indonesia and vietnam that how cheaper a production capacity is because it's direct foreign investment this year sliding it's down almost four percent indeed and that's very
the cause report looks at the source of all the risk which is making the world's economy so unstable. getting hazardous out there lots of toxic derivatives nuclear meltdowns nine hundred micrograms of particulate air so thick you can hardly brave people so thick you can barely stand living next to the. risk. again idea why don't we just remove the wrist from the. oh that's right because that risk there would be no african capital as you know no. because report coming away very soon here on our...
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Jan 16, 2013
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toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with people estate tax reform is going to because of scheduling. need to do with the limits of kuester and the house republicans concern if they do anything on tax reform, that they may leave themselves open to the senate not taking action and therefore an unpopular vote for no reason. are you optimistic on tax reform? >> first of all, we have to resolve this debt crisis in terms of sequestration and intern says the full faith and credit of the u.s. in the next six weeks. we are going to accomplish tax reform in the next six weeks. so we have a
toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with...
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above all, a still weak economy. he faces a world in flux and in crisis from iran and syria to north korea and china. perhaps most visibly, he faces a domestic political deadlock that seems to overshadow all else. with this hand what can he do? what will he do? i've asked for advice from the states men and women who have stood beside presidents as they have made their most difficult decisions, from republicans like james baker -- >> we didn't have a dollar, a de facto reserve currency in the world, we would be greece. >> robert rubin. >> in a democracy you can only move forward if both sides are willing to come together to govern. >> and independents like michael bloomberg. >> when you have jobs that we need to get done but americans won't take, letting the crops rot or letting the farms move south of the border is just insanity. >> at the end i'll write my own memo to the president. let's get started. >>> while most of the world was ringing in the new year with revelrie, the united states congress rang it in with an
above all, a still weak economy. he faces a world in flux and in crisis from iran and syria to north korea and china. perhaps most visibly, he faces a domestic political deadlock that seems to overshadow all else. with this hand what can he do? what will he do? i've asked for advice from the states men and women who have stood beside presidents as they have made their most difficult decisions, from republicans like james baker -- >> we didn't have a dollar, a de facto reserve currency in...
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the problem is the toddlers could topple the economy. >> exactly. well, that's the whole issue here, to what degree are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to play you something the president said on monday. you referenced it yourself. take a listen. >> they will not collect or ransom an exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. >> jared, i put it to you, do they not realize this fight isn't just hurting the economy. it's also helping this president look like the only grown-up in washington. >> i don't think they're calculus on this stuff is as rational as your question suggests, of course. but, again, if you actually get out of this beltway, and i
the problem is the toddlers could topple the economy. >> exactly. well, that's the whole issue here, to what degree are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to...
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so there's a lot of thingness the economy where we know this where is the economy is going. we want to do it faster, but we also want to do it in a sustainable way, and the united states should want to lead in how we do that. >> mr. levin in the politics of abundance, there are several instances where you say the president could act on his own without congressional approval. what are some of those instances? >> guest: well, we lay out, for example, in the area of education, we -- i think the secretary of education has done great job of laying the foundation and now it's a question of how to accelerate it. certain things where the president works with the department of education could, for example, create a data exchange system which allows to us digitize and personalize education, very similar kind of thing in healthcare. so all kinds of different things the president using executive authority as in fact they have laid the foundation for already, could act to really accelerate that movement toward the digital platform. >> host: where does congress come in. >> in. >> guest: i
so there's a lot of thingness the economy where we know this where is the economy is going. we want to do it faster, but we also want to do it in a sustainable way, and the united states should want to lead in how we do that. >> mr. levin in the politics of abundance, there are several instances where you say the president could act on his own without congressional approval. what are some of those instances? >> guest: well, we lay out, for example, in the area of education, we -- i...
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Jan 18, 2013
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-- the slow economy and d.c. politics are making the public less confident and pessimistic about the future of the country so here's the breakdown of the numbers. the president remains strong politically. his job approval at 52%. a higher rating than he's had through most of his first term but while the public likes the president personally, a full 74% of respondents told us they like president obama, americans are split on the policy goals. 49% disapprove of his policies, 47% approve. the president gets the best marks for being easygoing and likable, having the ability to handle a crisis and understanding average people but low marks on changing business as usual in washington and working effectively with congress and sharing their position on the issues. now looking at the future, 43% optimistic about the next four years. 35% pessimistic and 22% feel mix. the survey has people to describe where america is headed in a short word or phrase. just a third used positive words like improving and right direction. near
-- the slow economy and d.c. politics are making the public less confident and pessimistic about the future of the country so here's the breakdown of the numbers. the president remains strong politically. his job approval at 52%. a higher rating than he's had through most of his first term but while the public likes the president personally, a full 74% of respondents told us they like president obama, americans are split on the policy goals. 49% disapprove of his policies, 47% approve. the...
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was there reason for me to be in debt good being of all the time bombs on the american economy set to explode with dire consequences this is a big one staggering debt from student loans everyone is told a college education is a way to get ahead college tuition as though keep going up so does the borrowing and we just hit an awful milestone our nation's combined student loan debt has now hit. one trillion dollars that averages out to twenty four thousand per student it's now larger than credit card debt in this country and it comes just as an entire generation is just starting out i was. i. was. i. was. i. was. getting your go anybody would have predicted that. you would have. if you people out of the streets in new york city. because something is gee we journalists ought to be out here. oh. we'll do whatever it has so many bright. young people might be on a global stage with affordable education. and teligent just because they're used to pay the whole student loan debt credit card debt when congress raises the loan limits schools respond to those increased loan limits by raising tuiti
was there reason for me to be in debt good being of all the time bombs on the american economy set to explode with dire consequences this is a big one staggering debt from student loans everyone is told a college education is a way to get ahead college tuition as though keep going up so does the borrowing and we just hit an awful milestone our nation's combined student loan debt has now hit. one trillion dollars that averages out to twenty four thousand per student it's now larger than credit...
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economy? ? i mean, there are lots of perilous things that will kick into place. >> in the short-term, sadly, perversely not so bad. >> right. >> i don't think it's going to have a huge impact on -- short-term. the question is it's a long-term thing, and that's two, three, four, five, ten years out, and that's what you are fighting against. yeah, short-term, i don't think anyone will care. >> nobody goes to fish to decide -- >> why do they rate treasuries? go, fitch. go away, s&p. we know what the interest rates are. that's how people think of debt. >> what we are capable of, and are we -- >> pa what our standing should be and what our rating should be. there's no question. i don't think in the short-term we have any -- and, sadly, that gives no cover to anybody in washington on this issue. >> it does not. well, we will certainly be discussing this in the days ahead. after the break, one of the most glaring examples of what colin powell calls the gop's identity problem is its stance on immigratio
economy? ? i mean, there are lots of perilous things that will kick into place. >> in the short-term, sadly, perversely not so bad. >> right. >> i don't think it's going to have a huge impact on -- short-term. the question is it's a long-term thing, and that's two, three, four, five, ten years out, and that's what you are fighting against. yeah, short-term, i don't think anyone will care. >> nobody goes to fish to decide -- >> why do they rate treasuries? go,...
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Jan 20, 2013
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we've got to never again have this threat to the global economy and our economy because congress may not pay its bills. now, three months is no way to run an economy or railroad or anything else so that's not ideal. so i think it's a significant moment that the republican party now has moved off their position that the only way they're going to pay their bills is if they ge the correct kind of concessions. now, where does that leave us? i think we would be better served to go back to regular order in congress so we're notica reaping crisis to crisis; congress ought to work together and come up with a long-term fiscal plan >> but you see this as a good sign? >> i think they're no longer saying the only way we pay our bills is to have huge cuts in things like medicare. that's positive. listen, you see our economy-- good housing numbers this past week, good construction numbers. i think that our economy is poised to really grow, and we can't have washington be the hindrance to that. washington ought to be a help, not a hindrance >> can you get a gun bill through congress? >> we think we
we've got to never again have this threat to the global economy and our economy because congress may not pay its bills. now, three months is no way to run an economy or railroad or anything else so that's not ideal. so i think it's a significant moment that the republican party now has moved off their position that the only way they're going to pay their bills is if they ge the correct kind of concessions. now, where does that leave us? i think we would be better served to go back to regular...
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global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. max kaiser welcome to the kaiser report you know markets don't know. banks. banks toure's ringing markets kill autonomy's banks trading fraudulent so-called derivatives kill wealth and savings baxter's shut down the entire fabric of our financial system through which we individual participants must operate. banks we're going to go over some of these banks theories and their markets and puppet politicians they own destroying markets because we've got a few of them in the headlines over the last few weeks and we've not had time to cover them but we're going to cover them right now j.p. morgan gets a big holiday gift from the f.c.c. . so we did mention this a few times over the course of the christmas once this
global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. max kaiser welcome to the kaiser report you know markets don't know. banks. banks toure's ringing markets kill...
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drain the economy on one side so it's almost a endless circle a have to continue off in b.'s interventions to be able to bring in the resources to be able to then say we're able to have new interventions and unfortunately that's been the story of the last. thirty or forty years so they're constantly moving troops around in part because countries dr very comfortable with having american troops stationed there as you've seen in the far east in japan troops have committed crimes on the civilian population and that has caused difficulties with their acceptance within the population. let's check some other world news in brief now an apartment building has collapsed killing twenty five and injuring at least twelve in the coastal egyptian city of alexandria rescue forces are continuing their search for survivors under the rubble it's not yet know what caused the accident similar collapses in the past have been blamed on poor building specifications and maintenance local media said police have a rest of the buildings. signs of ca's a gathering in the south east of turkey for a memor
drain the economy on one side so it's almost a endless circle a have to continue off in b.'s interventions to be able to bring in the resources to be able to then say we're able to have new interventions and unfortunately that's been the story of the last. thirty or forty years so they're constantly moving troops around in part because countries dr very comfortable with having american troops stationed there as you've seen in the far east in japan troops have committed crimes on the civilian...
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futures and that began the twenty five to thirty year period of the financialization of the global economy which made banks and like j.p. morgan and goldman sachs and these other global banks trillions of dollars in profit but now we're out the point of this bubble bursting so these banks very cajun really are going back and realizing that the whole thing has been a false from the beginning. and they're going to come back i'm going to they're going to corner all the commodities now that the bubbles bursting for the next way however max this could pull in a lot of members to the silver liberation army because this article actually ties it to silver and gold and precious metals and how those markets are open to abuse by j.p. more and more troubling is that the f.c.c. is decision collapses the distinction between precious metals traditionally used for investment like gold and silver and metals and other goods that we consume in large quantities like copper and corn is signal to the bankers that all goods are fair game for financial play no matter how vital to our economy or a well being so th
futures and that began the twenty five to thirty year period of the financialization of the global economy which made banks and like j.p. morgan and goldman sachs and these other global banks trillions of dollars in profit but now we're out the point of this bubble bursting so these banks very cajun really are going back and realizing that the whole thing has been a false from the beginning. and they're going to come back i'm going to they're going to corner all the commodities now that the...
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Jan 18, 2013
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don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if i'm talking about a 4% dividend yielder that i can get in there and write options against it as well and take it to double digits on the return i like that. but i don't like buying apple. i don't like buying a lot of the stocks that don't have the yield, judge, that are attractive to me. instead, i trade the options. >> speaking of verizon i'm glad you mentioned it. next week is a bonanza earnings week. there are so many important companies reporting next week that that is going to decide where this market goes. don't you think? >> yes. the expectations in terms of what the potential growth for eps and the pote
don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if...
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. >> our economy is badly weakened and health care is too costly and schools fail to many. these are the indications of crisis. a nagging fear that america's decline is inevitable and the next generation must lower its sights. >> the speech he could give word for word again right now because so little has changed. in that speech he talks about wanting to end two wars, too many people are out of work, reaching out to the muslim world, reforming our schools. there are all kinds of redundancies he can thought go back to. >> supporters including his most ardent factor, hold the view the second address will be fundamentally different from the first address, not because he is hemmed if by similarities between today and four januaries ago but because the nation is in a fundamentally different place. >> this economy was losing 800,000 jobs a month and a lot of folks wondered whether we were headed for another great depression. do you hear me? this is what he faced on day one as president. >> as you know, he takes very seriously speeches of this kind and is very engaged in the proce
. >> our economy is badly weakened and health care is too costly and schools fail to many. these are the indications of crisis. a nagging fear that america's decline is inevitable and the next generation must lower its sights. >> the speech he could give word for word again right now because so little has changed. in that speech he talks about wanting to end two wars, too many people are out of work, reaching out to the muslim world, reforming our schools. there are all kinds of...
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the economy is hurting. i want to read a couple of headlines on the economy to give you pause while the fun debate is going on. one, ranks of working poor is increasing. workers are raiding the funds to pay the bills. thaw may downgrade the united states. greg, does he not want to deal with this? >> greg: this is a real issue. this speaks to two different cultures in the united states. it's a prescription of xanax. you can have your gun, protection and security. lefties like john stewart paint gun owners as paranoid, the same time on sunday that bob schieffer likens obama's battle against the fun owners as a fight against the nazis. if you are in a country that the administration accuses you of ginning up propaganda and the media citing with you to call you nazis, your paranoia might be justified. >> andrea: this is on the heels of white house telling paul ryan it won't meet a budget deadline. 1300 days we still don't a budget. he is saying i've been busy. sorry, i wouldn't get to the budget thing. as i ment
the economy is hurting. i want to read a couple of headlines on the economy to give you pause while the fun debate is going on. one, ranks of working poor is increasing. workers are raiding the funds to pay the bills. thaw may downgrade the united states. greg, does he not want to deal with this? >> greg: this is a real issue. this speaks to two different cultures in the united states. it's a prescription of xanax. you can have your gun, protection and security. lefties like john stewart...
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economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make sure the nation meets its obligations, will keep the government running. that's trying to take that specter of the government shutdown off the table. we've got a real confrontation brewing because the president says i'm going to break the habit of crisis-driven fiscal negotiations. and if he succeeds in that, somebody's going to have to break. we're going to find out pretty soon. because the debt ceiling could be hit in as little as one month from now. >> it's interesting that we still haven't had any ideas, though, on spen
economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make...
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china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive, here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the grand reopening of the theater just over a year ago. but last night, he was attacked outside of his apartment block, and and and amassed through asset from the bottle into his face and fled. he received serious burns and was rushed to hospital. doctors had been battling to save his sights. today, a deep sense of shock. >> impossible. how it isderstand possible. >> why was he targeted? one theory put forward by the ballet is that he made enemies in his role of artistic director. >> he is the one that decides so many things and every time a decision
china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive, here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the...
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economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of 2013. but in the middle of 2013, we'll know what all of the rules are. and i think the capital spending orders are going to come back and reinforce the housing improvement that you described as well as a pretty good auto market. >> we are talking all day today because everybody got their paycheck and it is definitely smaller. it's always smaller t beginning of the year. but is there any way that there is a headwind from people just not having as much money? >> yes, there's a headwind for the economy and we
economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of...
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did the economy expanded? did did the citizens improved and the nearly use the human development index which looks of both levels of in, but also education and health and other criteria. in democratization, afghanistan did not pass the test. that is definitely a failure. it was about the metal in terms of how much of it was democratized. but in to a government effectiveness, interestingly, come to distinctive do what we hear about, it right second of the 20 countries. had the second-highest improvement. as but we had the seventh highest, but improved. per capita gdp it was the second highest. it is increased by 130% since 2001. interestingly, human development index it was the highest of all 20. it is a combination of standard of living, education, health, the criteria. i think it is so important to see why afghans ought to be more optimistic about what they should be. indeed until many cases more optimistic than americans. longevity is way up. literacy is up, but the number of afghan children stay in school f
did the economy expanded? did did the citizens improved and the nearly use the human development index which looks of both levels of in, but also education and health and other criteria. in democratization, afghanistan did not pass the test. that is definitely a failure. it was about the metal in terms of how much of it was democratized. but in to a government effectiveness, interestingly, come to distinctive do what we hear about, it right second of the 20 countries. had the second-highest...
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yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management does better in down markets than the index. they do better in the up markets. >> no question about it. and if you looked at the '08 to first quarter of '09 period, many people left them, haven't come back. god forbid we have another experience like that. then you'll see the index funds have a hard time recapturing the momentum. >> you see a blend of active and passive? >> i think
yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk....
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Jan 15, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >>> we've all had teachers who made a huge difference in our lives, but we don't always have the opportunity to say thank you. one school was able to do just that this weekend when they honored the woman they call granny. agnes is the home ec teacher in a school in new jersey. she's worked at the school for 17 years teaching the children how to cook and sew. the staff and students at the school adore her and affectionately refer to her as granny. the nickname comes from the fact granny is 95 years olds. for six decades, she worked at
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor...
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Jan 18, 2013
01/13
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they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if th
they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years...
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economy. we'll see their economy return to growth. and you can't ultimately pay down debt until you've got economic growth. >> and just to get a little specific, what trades do you like then given the scenario that you're laying out? >> i think generally -- i think the story about europe is a global one because it's been the biggest drag on global growth. we've had a global confidence cries us that has prevented all of this cash -- if you look at u.s. companies, there's $2 trillion of cash -- >> trades, trades, pierce, trades. >> equities primarily. >> okay. >> and then you can pick. i think it's still going to be a macro move. you say trade, you want me to talk about sectors or geographic locations, fine. i think generally equities will go higher. peripheral europe will still outperform as will china. i like china particularly because it's undervalued. i think they're going to benefit from the european story. >> we'll talk about what needs to happen in the bond markets, as well. >> yes. >> in
economy. we'll see their economy return to growth. and you can't ultimately pay down debt until you've got economic growth. >> and just to get a little specific, what trades do you like then given the scenario that you're laying out? >> i think generally -- i think the story about europe is a global one because it's been the biggest drag on global growth. we've had a global confidence cries us that has prevented all of this cash -- if you look at u.s. companies, there's $2 trillion...
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Jan 15, 2013
01/13
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KRCB
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a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that much in the rally. >> susie: let's talk about the areas that have been telling your clients, morgan stanley clients which direction to go. you have three big themes for your clients. buy stocks with from american companies with exposure to china, positive on china. buy dividend paying stocks and you like very large stocks, what you call megastocks. why are these the themes for you? >> well, look, for china i think we identified late last fall that the u.s. companies with china exposure had really lagged the broader market and had gotten quite cheap. and the china economy started to stabili
a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that...
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Jan 16, 2013
01/13
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CNBC
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grow the economy by bringing in some certainty to it. if he wants to fight hard for tax rate increases, he ought to be fighting just as hard for spending cuts. >> you know, governor, he made an interesting point during his news conference this week where he said if -- if this debate is just about reducing the fiscal deficit, he's on board and let's get it done, but he suspects that there are a lot of conservative republicans out there for whom this debate is about the bigger picture of the role the federal government plays in americans' lives, and he said that's not a debate he wants to have. he doesn't want to be cutting entitlement programs just because conservatives want to reduce the role of government in americans' lives. is it possible we're having two simultaneous debates at once here? >> well, he's got to reconcile the differences. almost like saying i know i'm overweight but don't ask me to go on a diet. i mean, there's got to be efficiencies found in the federal government. the fact that we're cutting spending doesn't mean that
grow the economy by bringing in some certainty to it. if he wants to fight hard for tax rate increases, he ought to be fighting just as hard for spending cuts. >> you know, governor, he made an interesting point during his news conference this week where he said if -- if this debate is just about reducing the fiscal deficit, he's on board and let's get it done, but he suspects that there are a lot of conservative republicans out there for whom this debate is about the bigger picture of...